In the latest podcast episode (on this week’s bumpy market), I mentioned a 1914 New York Times article.
Here’s the key quote:
The assassination of the heir to the Austrian throne was an event whose consequences were closely considered by the markets abroad, but the calmness which they showed indicated clearly that political complications were not feared as a result of this incident. Indeed, the view that it would tend to lessen rather than to increase political strife in Southeastern Europe found wide acceptance.
In a bit of more timely news, I also mentioned this Wealthtrack interview with Jeremy Granthem discussing the risk of a "melt-up" followed by a "melt-down".
You can learn more about Geoff Gannon by emailing him: email@example.com, following him on Twitter: @GeoffGannon, or listening to his podcast. His stock specific write-ups appear on a subscriber supported website: Focused Compounding.